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as apple the software and computer company it's not as big as it has exxon one u.s. company or you have ireland similarly it's a two hundred or three hundred billion dollar economy spain is of course obviously a larger economy than that but still not a significantly larger icon to me so you've got this contagion spreading however at the center of the eurozone is germany and germany benefits from this catastrophe because of the lower year out it helps their export market now how can germany be guaranteed that they by participating in the wholesale financial rape of grace how can germany protect itself from the contagion wiggling its way into germany or did they haven't thought that far and they're certainly going to be slowed up by this financial intelligence but i think max there are two levels of the constitution first one from the national review from germany's point of view when i said you can see germany in france and i'm going to medical and nicolas together with something the european central bank president is wrong. on the claim and stance on the upcoming nego
as apple the software and computer company it's not as big as it has exxon one u.s. company or you have ireland similarly it's a two hundred or three hundred billion dollar economy spain is of course obviously a larger economy than that but still not a significantly larger icon to me so you've got this contagion spreading however at the center of the eurozone is germany and germany benefits from this catastrophe because of the lower year out it helps their export market now how can germany be...
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Jul 23, 2011
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there are number of aspects which help address too big to fail. there are concentration rules like the authority of the fed not to approve a merger of financial stability concerns but the main issue that we have much tighter oversight over sifis. one thing we noticed is banks and other institutions don't want to beat sifis. they consider an additional burden, and oversight to constrain them. if it was truly too big to fail they might refer to be designated sifis. the other thing that is crucial and still a work in progress in order to get rid of too big to fail we have to have failed. we need a way for the biggest firms to fail. you heard some discussion this morning about the fed and the fdic's work on the orderly liquidation of 40 -- authority. it will be a sign of success when we see large firms getting themselves smaller to try to get out of the oversight. out of the oversight. we see the cost of funding
there are number of aspects which help address too big to fail. there are concentration rules like the authority of the fed not to approve a merger of financial stability concerns but the main issue that we have much tighter oversight over sifis. one thing we noticed is banks and other institutions don't want to beat sifis. they consider an additional burden, and oversight to constrain them. if it was truly too big to fail they might refer to be designated sifis. the other thing that is crucial...
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Jul 16, 2011
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but whether the house republicans would accept that or not is a big, big question. it seems to me that's the lead horse, that's the lead solution right now, is a version of the mcconnell plan throwing in the spending, which i think would be a good idea of at least $1.5 trillion worth of spending cuts. whether the house republicans -- they've been sending some signals they won't accept that. in this case, we're really at loggerheads. >> diane swonk joins us. ben bernanke called it calamitous not to raise the debt ceiling. moody's said it would downgrade the u.s. aaa credit rating. let's talk about consequences from an economist perspective. if the u.s. fails to raise its debt ceiling on august 2nd, what does it mean for our already struggling economic recovery? >> well, it's incredibly bad news. it could be enough to push us into another recession, depending on how far. immediately they'd have to do 40% to 45% cuts in spending right off the top of the board. how long that would last? i would first stop paying congress for not doing their job. but i think the real iss
but whether the house republicans would accept that or not is a big, big question. it seems to me that's the lead horse, that's the lead solution right now, is a version of the mcconnell plan throwing in the spending, which i think would be a good idea of at least $1.5 trillion worth of spending cuts. whether the house republicans -- they've been sending some signals they won't accept that. in this case, we're really at loggerheads. >> diane swonk joins us. ben bernanke called it...
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Jul 30, 2011
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investing unleashed. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. >>> the stand-off over how to raise the debt ceiling continues at this hour. but one group of republicans, those influenced by the tea party, do not necessarily see this as a bad thing. mark skoda is the founder and chairman of the memphis tea party. mark, according to a cnn o.r.c. poll, 63% of people do not believe the gop has acted responsibly in talks on the debt ceiling. most americans want a compromise that involves cuts and increases and a small minority -- or i guess a big minority of republicans think we need a compromise solution and yet they are being held back by the tea party and by their promises to grover norquist and the americans for tax reform that say they can't increase taxes. we've lost $700 billion in the stock market in the last six trading days. we've started to see int
investing unleashed. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. >>> the stand-off over how to raise the debt ceiling continues at this hour. but one group of republicans, those influenced by the tea party, do not necessarily see this as a bad thing. mark skoda is the...
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Jul 9, 2011
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boehner says he hopes congress does something big to help the economy. >> we have three really big problems. we have a spending problem, we have a debt problem, and we have a jobs problem. that's why i believe it's important for us to fundamentally fix our spending problem and our debt problem, and help get our economy moving again. >> susie: meanwhile, president obama is calling on congress to raise the nation's debt limit removing a big worry for american businesses. this morning darren gersh spoke with white house economic advisor austan goolsbee about jobs and those budget talks this sunday. the interview began with a simple question on jobs. what happened? >> well, look, this is a continuation of what we've known, and that we saw last month, that the growth rate of the economy slowed down in the first part of this year because of these headwinds, and so previous to the last two months we had added 2.1 or 2.2 million jobs in the private sector. that slows down if the growth rate isn't fast enough, and that's why we -- i view this number as a call to action. we should take all bipartisan
boehner says he hopes congress does something big to help the economy. >> we have three really big problems. we have a spending problem, we have a debt problem, and we have a jobs problem. that's why i believe it's important for us to fundamentally fix our spending problem and our debt problem, and help get our economy moving again. >> susie: meanwhile, president obama is calling on congress to raise the nation's debt limit removing a big worry for american businesses. this morning...
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coin is a big point is i'm basically she's very she spoke on you know the big consultancy the various lawyers and they she say the they don't know what it's going to be classified us and that's intelligence on some to give it it's kind of looking now that it might be classed as a commodity kind of like what's happening with gold in a gold is that actually we have all the gold businesses in the u.k. they are actually regulated now and then we go back to what you saying before about the pits appear aspects. this is like part of a larger movement has been going on for many years if you look at the software industry they came out with proprietary software which is treating software as a products there's been a movement of people on the internet shall we say building their own economy their own structures in ways of governing and it's one of these products was lynn. which as far as i'm concerned is a rock star in the computing world you can find it on mobile phones. embedded devices it's everywhere. and ever since then there's been continually more and more things coming out of this moveme
coin is a big point is i'm basically she's very she spoke on you know the big consultancy the various lawyers and they she say the they don't know what it's going to be classified us and that's intelligence on some to give it it's kind of looking now that it might be classed as a commodity kind of like what's happening with gold in a gold is that actually we have all the gold businesses in the u.k. they are actually regulated now and then we go back to what you saying before about the pits...
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there are people that use big coins. for services which. you need that seems to generate passion response from people who use it who just look at big point at first glance and automatically assume that because some people are using it for bad things and therefore the currency is only used totally for bad things let me come in here for a second american to give some background little bit background so another words let's start from the beginning in terms of bitcoin it's a digital currency it's a piece centralised currency in that there is no central authority like a central bank and it's also an encrypted currency which gives it remarkable benefits the ones that you'd expect or want from a currency if you're looking to conduct business outside of surveillance of let's say corrupt federal employees or governments but on the same token obviously just like cash it can be used for nefarious and as well along we talk about a word that is used. two words actually one is called disruptive and another d word this intermediation so in terms of disrup
there are people that use big coins. for services which. you need that seems to generate passion response from people who use it who just look at big point at first glance and automatically assume that because some people are using it for bad things and therefore the currency is only used totally for bad things let me come in here for a second american to give some background little bit background so another words let's start from the beginning in terms of bitcoin it's a digital currency it's a...
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Jul 3, 2011
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the vast majority of economists said it is not a big deal to read -- increased taxes during a recession. the democrats think the rich should have more a burden. we already have a progressive tax cause of the rich to pay more in taxes. if they want the rich to have more of a burden in trying to figure out how to correct the debt problem, one way we could do it which is a common ground is means testing on benefits. that would allow the rich to absorb more of a burden and would allow them to pay more for their medicare and i think this would please the democrats and it would be the compromise because republicans, most of us don't want to raise taxes but we would accept the risk having more of the burden by reducing their benefits. >> the tax code is pretty complicated. we keep hearing suggestions about delaying the decision making and doing a temporary measure. would you support a temporary fix to tackle the bigger subjects? >> i was part of a group this week that said no more, we are tired about talking about extraneous issues. there was not one minute of debate about the death still in a
the vast majority of economists said it is not a big deal to read -- increased taxes during a recession. the democrats think the rich should have more a burden. we already have a progressive tax cause of the rich to pay more in taxes. if they want the rich to have more of a burden in trying to figure out how to correct the debt problem, one way we could do it which is a common ground is means testing on benefits. that would allow the rich to absorb more of a burden and would allow them to pay...
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big splash and the. big breakthrough. one take. forty two thousand americans die each year from car accidents only a thousand. seven hundred thousand people murdered and thirty two thousand will kill themselves cancer in all its forms kills five hundred sixty thousand of us a year part disease is even more devastating it kills over eight hundred seventy thousand americans every year. bringing you the top news headlines in commentary from around the world this is our direct from moscow and sean thomas let's take a look at some of the top headlines right now a former news of the world journalist who was the first to name names in the phone hacking scandal is found dead in london a death police say is unexplained but not suspicious it's the latest twist in the spiraling political crisis going all the way up to the prime minister david cameron . violence persists in afghanistan as three more nato soldiers are killed following the assassination of an aide and the half brother of president karzai last week just as the alliance begins han
big splash and the. big breakthrough. one take. forty two thousand americans die each year from car accidents only a thousand. seven hundred thousand people murdered and thirty two thousand will kill themselves cancer in all its forms kills five hundred sixty thousand of us a year part disease is even more devastating it kills over eight hundred seventy thousand americans every year. bringing you the top news headlines in commentary from around the world this is our direct from moscow and sean...
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looking like the biggest economy in the world and it's becoming more and more obvious that that's a big fraud if at all if it all comes back to you know you can make a comparison to roman coin clipping where they clip the coins which created this massive inflation and the collapse of the roman empire in america the coin clipping columns in these new ways they statistically recalculate the statistics to make it look like there's no inflation or they they reclassify hamburger flippers from a service job to a manufacturing job to make a look like there's growth where there's no growth and just like the roman empire that was over expanded in many military occupations there will collapse of the same reason this is not new it happens history so let's look at how the top trickles down to the bottom here and how great the economy in america is obviously doing as copper soars thieves extract a price when thieves ransacked eight air conditioners in an apartment complex in the city of mobile alabama the culprits made off with eight hundred dollars worth of scrap metal and left residents with a thi
looking like the biggest economy in the world and it's becoming more and more obvious that that's a big fraud if at all if it all comes back to you know you can make a comparison to roman coin clipping where they clip the coins which created this massive inflation and the collapse of the roman empire in america the coin clipping columns in these new ways they statistically recalculate the statistics to make it look like there's no inflation or they they reclassify hamburger flippers from a...
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Jul 17, 2011
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but whether the house republicans would accept that or not, it's a big, big question. it seems to me that's the lead horse. that's the lead solution, a version of the mcconnell plan, with throwing in the spending which i think would be a good idea which leaves $1.5 trillion of spending cuts. the republicans have been sending some signals and in which case -- >> that's exactly right. diane is a chief economist. diane, ben bernanke called it calamatist not to raise the debt ceiling. both have warned that they will downgrade the always u.s. stall lar aaa credit rating. let's tall about consequences from an economist perspective. if the u.s. fails to raise the debt ceiling on august 2nd, what does it mean for our already struggling economic recovery? >> well, it's incredibly bad news. it could be enough to push us into a recession, depending on how far immediately they would have to do 40 to 45% cuts in spending just right off the top of the board. how long that would last? my plan would be that i would stop paying congress for not doing their job and i think the real issu
but whether the house republicans would accept that or not, it's a big, big question. it seems to me that's the lead horse. that's the lead solution, a version of the mcconnell plan, with throwing in the spending which i think would be a good idea which leaves $1.5 trillion of spending cuts. the republicans have been sending some signals and in which case -- >> that's exactly right. diane is a chief economist. diane, ben bernanke called it calamatist not to raise the debt ceiling. both...
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the italians are known for being big savers. privatizations of state entities such as, for instance, the post office and the train network. pauline, we're talking about cuts here. the total package was supposed to be 52 billion just a couple of days ago. now it has risen to in excess of 79 billion euros. we'll see what happens later on today in parliament. pauline? >> yes. i've already read, nina, politicians may take a pay cut by as much as 50%. 10 we'll see what happens. this is certainly a critical time for a country with sluggish growth but high debt. >>> coming up next on "world business today," first he lost a up in and then his bid for bskyb turned to custard, turned sour. now to top it all off, rupert murdoch is under scrutiny in the u.s. we'll bring you more details on that in just a moment. active naturals wheat formulas target and help repair damage in just 3 washes. for softer, stronger... ... hair with life. [ female announcer ] nourish plus. only from aveeno. >>> from cnn hong kong and rome, this is "world business
the italians are known for being big savers. privatizations of state entities such as, for instance, the post office and the train network. pauline, we're talking about cuts here. the total package was supposed to be 52 billion just a couple of days ago. now it has risen to in excess of 79 billion euros. we'll see what happens later on today in parliament. pauline? >> yes. i've already read, nina, politicians may take a pay cut by as much as 50%. 10 we'll see what happens. this is...
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Jul 23, 2011
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and being too big to fail requires allowing a cfi to fail. the second part of the act empowers the fed and the fdic to reduce the affect on the system in the event of a failure to tools such as liquidation of authority and approve a resolution planning. the federal reserve is working with the fdic to thecfis prepare for resolution by adopting living wills. the joint rule is expected this summer. reducing the likelihood of a severe crisis requires strengthening the resilience of markets an infrastructure. toward that end, provisions to improve the transparency and stability of the derivatives market and strength since he th -- strengthens the parts of the infrastructure. we and other agencies are moving this work for in consultation with the corporate foreign regulators. u.s. agencies are working to address structural weaknesses in areas not as easily addressed by the at, such as taconic repo -- such as the repo market. the fed is committed to the promulgation of rules that are sensible, protect smaller community institutions, and promote the
and being too big to fail requires allowing a cfi to fail. the second part of the act empowers the fed and the fdic to reduce the affect on the system in the event of a failure to tools such as liquidation of authority and approve a resolution planning. the federal reserve is working with the fdic to thecfis prepare for resolution by adopting living wills. the joint rule is expected this summer. reducing the likelihood of a severe crisis requires strengthening the resilience of markets an...
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i see the threat of a big problem. but i do not see the parties moving beyond their entrenched positions. in fact, i would characterize this week as a week of entrenchment and deepening the difference. if you want to use a military metaphor, digging trenches deeper. the president's press conference was about establishing the democratic point of view and pushing it out. there was a bit of jawboning with republicans that did not go over well. you cannot create an atmosphere for creating a deal by suggesting your opposition party leaders in congress are less disciplined than 10 and 13-year- old. things are in a much tougher position and i do not see the end game. >> i would agree on the point that you throw like a girl is not the way to get people to come to your side. nor is it a 21st century thing to say. i think these guys are stumbling and bumbling. it reminds me of "thelma and louise." these guys are screaming at each other and don't even know the cliff is there and to the extent they do, they have forgotten about it
i see the threat of a big problem. but i do not see the parties moving beyond their entrenched positions. in fact, i would characterize this week as a week of entrenchment and deepening the difference. if you want to use a military metaphor, digging trenches deeper. the president's press conference was about establishing the democratic point of view and pushing it out. there was a bit of jawboning with republicans that did not go over well. you cannot create an atmosphere for creating a deal by...
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coming up today on the big picture. mission. critical free. free. free. free. free blog video for your media project mediocre guard t. dot com. guys are there you see or this is the kaiser report are you psychotic. well. statistically one of you should be psychotic if you look at this first headline next an unprecedented one in sixty six americans is a diagnosed psychotic outselling even common drugs to treat high blood pressure in acid reflux anti-psychotic medications are the single top selling prescription drug and the united states and they have quite nice names like zyprexa sarah quell abilify. this is part of a campaign to bring more goldman's bankers because it causes means that you lack empathy and you need to be completely devoid of the thing to do your job effectively at goldman to bring corporations and to this and franchising of population and doing trade to any thought whatsoever about your actions what they might have on the effects of society at large their breeding site goes the other way they've been able to do this is similar to what you see w
coming up today on the big picture. mission. critical free. free. free. free. free blog video for your media project mediocre guard t. dot com. guys are there you see or this is the kaiser report are you psychotic. well. statistically one of you should be psychotic if you look at this first headline next an unprecedented one in sixty six americans is a diagnosed psychotic outselling even common drugs to treat high blood pressure in acid reflux anti-psychotic medications are the single top...
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murdoch is a big backer of republicans. if more momentum builds for probes into possible hacking in the united states or even congressional hearings, there are cautionary tales for lawmakers, reports that tabloids sometimes turntables for those who investigate them. most of those accounts date back to well before the scandal blew back in the media in recent weeks. media standards trust tells us when british parliamentarians look into the tabloid press a couple of years ago, he heard allegations that they were discouraged from repeatedly inviting rebecca brooks, one of murdoch's top execs to receive. >> the allegation was they were told, members were told do not invite her again. do not press this one, do not push it because if you do, you're regret it. and that was made very clear to them. >> reporter: contacted by cnn, a news corporation spokeman would not comment on that allegation. >> are you concerned they might hit back at you, dig into your personal life or whatever? >> i'm not worried about my personal life nor am i
murdoch is a big backer of republicans. if more momentum builds for probes into possible hacking in the united states or even congressional hearings, there are cautionary tales for lawmakers, reports that tabloids sometimes turntables for those who investigate them. most of those accounts date back to well before the scandal blew back in the media in recent weeks. media standards trust tells us when british parliamentarians look into the tabloid press a couple of years ago, he heard allegations...
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the big crisis that is coming is more important. we get past august 2nd, the president is going to have to lead and make choices and prioritize . there is enough money in the month of august to pay the bond holders and social security recipients and troops in the field. after that, the president will have to do something. he will have to decisions . >> that is preferable to the mcconnel fall back. >> it is a cut, cap and balance. >> before august. >> which is preferable. mccannle plan or cut cap. >> mcconle plan kicks it down the road. >> unless you put what they want in place. >> what is wrong with letting the state's decide. 49 out of 50 states have it. >> every munic patti and township and government. (talking all at once.) (talking all at once.) (talking all at once.) . you have a provision in there does makes it. (talking all at once.) (talking all at once.) it is not a real balanced budget. >> (talking all at once.) . >> i have to end the segment. >> no, no, no. you allow that to default on the debt. it is going to hurt every
the big crisis that is coming is more important. we get past august 2nd, the president is going to have to lead and make choices and prioritize . there is enough money in the month of august to pay the bond holders and social security recipients and troops in the field. after that, the president will have to do something. he will have to decisions . >> that is preferable to the mcconnel fall back. >> it is a cut, cap and balance. >> before august. >> which is preferable....
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but that's not the big point right now. the critical point is as moody's is warning, as ben bernanke warned today and congress, the critical point is this country must not go into default on august 2nd. and they need to reach some minimal agreement to avoid that. that should not be hard to do. now, what they can get beyond that is really important, but it's not as urgently necessary as making sure we get this done. then we can move to the more moderate term crisis or the moderate crisis, moderate term crisis which is the huge deficits. we do have to solve those, but not before august 2nd. we have to get a deal to avoid a catastrophe on august 2nd. >> so nicole, for republicans tomorrow, do they need to change strategy, given what happened today? or what do they do going into this meeting tomorrow? >> look, it was barack obama who stood in the rose garden just a few months ago and talked about you know, when he signed into law the extension of the bush tax cuts, he seemed to understand that raising taxes is not the right thi
but that's not the big point right now. the critical point is as moody's is warning, as ben bernanke warned today and congress, the critical point is this country must not go into default on august 2nd. and they need to reach some minimal agreement to avoid that. that should not be hard to do. now, what they can get beyond that is really important, but it's not as urgently necessary as making sure we get this done. then we can move to the more moderate term crisis or the moderate crisis,...
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coming up today on the big picture.
coming up today on the big picture.
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but having said that, i think the big obstacles are still the big obstacles. the question is, will you raise taxes, right? >> will you raise taxes. let's go to the republican on that one. ari fleischer, you know how this works from your days on the hill and at the white house. the house proposal will die in the senate tomorrow. then the real negotiations begin. how much of a leash does the republican speaker have negotiating a deal with the president of the united states that could include the expiration and allowing the bush tax cuts to expire at least for those at the top end, the wealthy? >> john, i think the only way that tax cuts for the upper income tier expires is if barack obama is willing to put on the table the individual mandate. that's a pretty loud and clear message that he's been getting from republicans in these negotiations. clearly there is something in the air, and it's big in washington tonight. the new element is something called a trigger. there's been a lot of talk now involving the president and republican leaders in the white house abou
but having said that, i think the big obstacles are still the big obstacles. the question is, will you raise taxes, right? >> will you raise taxes. let's go to the republican on that one. ari fleischer, you know how this works from your days on the hill and at the white house. the house proposal will die in the senate tomorrow. then the real negotiations begin. how much of a leash does the republican speaker have negotiating a deal with the president of the united states that could...
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and we saw the big, you know, tech bubble back around the turn of the century. and i think we're starting to see it again. i do think that some of these valuations really price these companies at a level of success that may be hard to sustain, and certainly hasn't been realized yet. >> craig, this has been such an informative conversation. thank you so much for joining us. >> it's great to see you again. thanks for being such a good sport to have your first ever avatar-based interview. >> well, i really like this avatar-based interview. and maybe i don't even have to come to work to do it! >> okay, thanks. i'm going vanish here. >> okay, see you later. craig mundie joining us right here, or should i say craig's avatar, of course. stay with us. coming up next on "the wall street journal report," we'll take a look at the news this upcoming week that will have an impact on your money. stay with us. >>> and around on the links with jason kidd of the nba [ male announcer ] where'd you get that idea? how'd you learn to do that? what'd you use? every project we finish
and we saw the big, you know, tech bubble back around the turn of the century. and i think we're starting to see it again. i do think that some of these valuations really price these companies at a level of success that may be hard to sustain, and certainly hasn't been realized yet. >> craig, this has been such an informative conversation. thank you so much for joining us. >> it's great to see you again. thanks for being such a good sport to have your first ever avatar-based...
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. >>> caltrans crews working to fix a big sinkhole on highwayy in san jose. it's on the south side of the freeway. the southbound sides of the freeway near west virginia street. it's a 30-foot gap under the median. the highway patrol closed one lane of the highway next to the median, and the alma avenue onramp. caltrans is estimating the repairs will take all day. agency officials say the sinkhole was probably caused by traffic vibrations and large trucks carrying heavy loads. >>> the bitter back and forth continued today between democrats and republicans over the debt limit. sniped at each other this morning, congressional leaders scheduled to meet with the white house once again today to try to work out a deal. president obama has said he wants an agreement at the end of the week declaring enough is enough. in the meantime, federal reserve chairman ben bernanke warned congress again today that a default on the nation's debt would be calamitous. >>> a scare late this morning in the south bay because of this accident and something the vehicle hit. the last we
. >>> caltrans crews working to fix a big sinkhole on highwayy in san jose. it's on the south side of the freeway. the southbound sides of the freeway near west virginia street. it's a 30-foot gap under the median. the highway patrol closed one lane of the highway next to the median, and the alma avenue onramp. caltrans is estimating the repairs will take all day. agency officials say the sinkhole was probably caused by traffic vibrations and large trucks carrying heavy loads....
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a second day of big buying, up almost 13% today. look at this shoot up here. chesapeake energy is taking a stake in the firm. and that's tonight's "market focus." >> susie: if you plan on loading up the car for a summer vacation, you may want to budget more for gas. prices have been rising despite the decision by the u.s. and other countries to release oil from emergency reserves. the international energy agency, which is coordinating that effort, says more oil supplies are now available on world markets. but for consumers, gasoline has become more expensive. erika miller looks at where prices are likely to head from here. >> reporter: aaron ernst is the envy of drivers everywhere because it costs just pocket change to fill his tank. >> this takes one gallon, so i usually put one gallon in it-- and that's like $5. so when gas prices go up? $6. >> reporter: but plenty of others are feeling the pinch of higher fuel costs. not only does sal maurano drive a less fuel-efficient vehicle, he also travels 300 miles a week for his commute. >> you got to bite the bullet
a second day of big buying, up almost 13% today. look at this shoot up here. chesapeake energy is taking a stake in the firm. and that's tonight's "market focus." >> susie: if you plan on loading up the car for a summer vacation, you may want to budget more for gas. prices have been rising despite the decision by the u.s. and other countries to release oil from emergency reserves. the international energy agency, which is coordinating that effort, says more oil supplies are now...
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61
Jul 22, 2011
07/11
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CSPAN2
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one criticism was it was too big. i am sorry about the attention span of some members of congress but they could wait for the movie. maybe it will be coming forward. we are dealing with an interconnected system. there was a central theme. by sources of liquidity outside the banking system and increased information technology people in the financial industry have figured out a way to engage in lending while appearing to escape the burden of risk. they appeared to -- this didn't go away. accumulated elsewhere in the system and exploded on all of us. what we have done is basically make people be responsible for the risk and one important issue that are dealt with with some friends on the liberal side is a question of risk retention. i would urge people to look at michael lewis's book the big short. when people make loans and have no responsibility whether or not they are repaid they will not be as prudent. that is a market incentive. the alternative is oh no, the regulators will tell you what is good and what isn't. we a
one criticism was it was too big. i am sorry about the attention span of some members of congress but they could wait for the movie. maybe it will be coming forward. we are dealing with an interconnected system. there was a central theme. by sources of liquidity outside the banking system and increased information technology people in the financial industry have figured out a way to engage in lending while appearing to escape the burden of risk. they appeared to -- this didn't go away....
206
206
Jul 15, 2011
07/11
by
KQEH
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>> tom: corporate earnings season heats up with big numbers from google and a healthy quarter from j.p. morgan. it's "nightly business report" for thursday, july 14. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. almost $7 billion in sales equals another blockbuster quarter for google, a blowout beginning to earnings for technology companies. susie, internet search and search advertising continue driving the big profits at the web giant. >> susie: tom, google's earnings surged almost 40% and google stock soared as well, up over $60 or 12% after the closing bell. google earned $8.74 a share in the second quarter, about $1 more than analyst estimates. google continued its hiring blitz, adding 2,400 employees during the quarter. paid clicks, or the number of times internet users clicked on the company's ads, rose 18%, in line with estimates. >> tom: mornings
>> tom: corporate earnings season heats up with big numbers from google and a healthy quarter from j.p. morgan. it's "nightly business report" for thursday, july 14. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. almost $7...